The CEO's concentrated selling at ~$10.50/share following low-cost derivative exercises suggests a lack of conviction at current levels. Monitor for any 10-Q or 8-K filing that could explain the timing — if no material news emerges, the pattern is consistent with routine portfolio diversification but still a negative signal given the CEO's role.
Price Chart
Executive Summary
CEO Thomas Siebel and CFO Hitesh Lath sold a combined $1.93M in open-market shares over a 7-day window, with Siebel's sales totaling $5.02M when including earlier trades. The CEO's sales are tied to derivative exercises at $3.90/share, locking in a ~$3.3M profit, while the CFO's sale is a routine liquidity event at ~$221K. The total open-market sales represent ~0.3% of the company's market cap, a modest but notable insider outflow concentrated at the C-suite level.
Key Financial Metrics
Key Facts
- CEO Thomas Siebel sold 467,028 shares for ~$5.02M in open-market sales (Sep 11-16), all tied to derivative exercises at $3.90/share.
- CFO Hitesh Lath sold 21,100 shares for ~$221K on Sep 16.
- Total open-market sales: ~$5.24M, representing ~0.3% of market cap.
- Siebel also gifted 21,986 shares (non-cash) and exercised 531,780 derivative shares at $0 or $3.90.
- No 10b5-1 plan indicated for any of the sales.
Financial Impact
~$5.24M in open-market insider sales, ~0.3% of market cap
Risk Factors
- CEO selling at a rate that could signal near-term headwinds or a belief the stock is fairly valued.
- CFO selling alongside CEO amplifies the bearish signal, though the CFO's amount is small.
- No 10b5-1 plan disclosed, leaving the sales open to interpretation as discretionary.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AI-1789685806786 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | Insider Cluster | $12.16 $11.32 | ▲ +6.91% | ▲ +5.80% | $12.38 (−1.77%) |
Oct 14, 2026 12d ago | Insider Cluster | $12.16 $11.32 | ▲ +6.91% | ▲ +5.80% | $12.38 (−1.77%) |
Oct 13, 2026 14d ago | 144 | $12.01 $11.67 | ▼ −2.83% | ▼ −1.75% | $12.38 (+3.04%) |
Sep 17, 2026 5w ago | Insider Cluster | $10.48 $10.84 | ▼ −3.44% | ▼ −1.88% | $12.38 (−18.08%) |
Aug 13, 2026 10w ago | Insider Cluster | $9.93 $9.70 | ▲ +2.32% | ▲ +1.84% | $12.38 (−24.62%) |
Aug 13, 2026 10w ago | Institutional Cluster | $10.18 $9.93 | ▼ −2.46% | ▼ −2.26% | $12.38 (+21.56%) |
Aug 6, 2026 11w ago | Insider Cluster | $10.22 $10.40 | ▼ −1.76% | ▼ −1.79% | $12.38 (−21.09%) |
Jul 2, 2026 16w ago | Insider Cluster | $9.28 $8.93 | ▼ −3.77% | ▼ −3.30% | $12.38 (+33.35%) |
Jun 17, 2026 18w ago | Insider Cluster | $10.30 $9.70 | ▲ +5.83% | ▲ +5.51% | $12.38 (−20.15%) |
Jun 12, 2026 19w ago | Institutional Cluster | $10.90 $11.03 | ▲ +1.19% | ▼ −0.57% | $12.38 (+13.53%) |
US Market Status
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